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Live cattle and feeder cattle futures rallied midday as cash trade firmed, with the Fed Cattle Exchange auction clearing at $228-228.50. The CME Feeder Cattle Index rose $1.22 to $342.64 and boxed beef was mixed.
Firm cash cattle and a rising feeder index support cattle prices, while weekly slaughter running below last year tightens near-term supply.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.